Carlyle drops bid for Lukoil assets
Carlyle Group has withdrawn from negotiations to purchase the international assets of Russian oil company Lukoil. The portfolio was put up for sale following United States sanctions.
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Carlyle Group Inc dropped out of its $22B acquisition of Lukoil's international assets on Friday morning, according to a spokesman for the firm. The private equity firm abandoned the bid following sanctions imposed by the United States over the war in Ukraine. The collapse removes a primary contender for one of the energy sector's largest divestments.
